MEMX Postpones Launch Due to Coronavirus

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The Members Exchange (MEMX) has delayed two of its key target dates—July 24, its launch date, and May 11, the start of platform testing—due to the outbreak of Covid-19, the illness caused by the novel coronavirus. Exact timing for the new launch remains undetermined, as the fledgling exchange awaits the lifting of shelter-in-place requirements, said CEO Jonathan Kellner in a statement on April 17. However, Kellner added he expects the go-live to be sometime in the third quarter of this year.

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